Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.

Instead, the typical self storage arrangement involves an owner renting to hundreds of tenants at a rate that allows the owner to pay all expenses themselves....This is not to say that it can't be done relatively passively.

One of the mentors had a hidden arrangement with a wholesaler where the mentor brought a deal from the wholesaler to the student, the student bought the deal from the wholesaler, and the mentor took a kickback from the wholesaler.

I don't know if an arrangement like this is common in the real estate market or goes by a certain name, i mean certainly i'm not the first person to think of this, so what is this called, and what are the typical terms that the investor would look for?

Get with the lender and make arrangements to catch up.

Eventually most credit partners will get tapped out as their liabilities increase and they are qualifying for financing on after tax income from a partnership arrangement.

Reality is far from the guru speak.As an example, buying a note originated prior to the land mines being tossed out, would be fine, understanding the process which is not difficult but it is the valuation and collateral assessment that needs to be studied and understand that you may not be able to modify that old note, as a new modification or extension of debt can be seen as making a new loan or lending arrangement.

If done correctly, there is a lot of work put into arranging commercial financing for a borrower and many years ago, when upfront fees were more common, there was considerable expense involved as well.  

Marie says above is true: Bad things can happen to your interest in the property if the seller hits financial problems.The way the sale would work is you'd arrange a closing at at title company or an attorney's office.

You can make any arrangements you want regarding application review and the screening process.